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Provident Bancorp Inc   (PVBC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

PVBC's Net Income Growth by Quarter and Year

Provident Bancorp Inc 's Net Income results by quarter and year




PVBC Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 2.70 3.59 4.30
III Quarter September - -35.31 5.09 3.20
II Quarter June 3.46 5.62 3.17 3.25
I Quarter March 2.10 5.53 4.30 1.23
FY   5.56 -21.46 16.15 11.98



PVBC Net Income second quarter 2023 Y/Y Growth Comment
Provident Bancorp Inc reported fall in Net Income in the second quarter 2023 by -38.42% to $ 3.46 millions, from the same quarter in 2022.
The drop in the second quarter 2023 Provident Bancorp Inc 's Net Income compares unfavorably to the Company's average Net Income increase of 11.87%.

Looking into second quarter 2023 results within Regional Banks industry 75 other companies have achieved higher Net Income growth. While Provident Bancorp Inc ' s Net Income drop of -38.42% ranks overall at the positon no. 728 in the second quarter 2023.




PVBC Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -24.79 % -16.51 % 43.33 %
III Quarter September - - 59.06 % -8.83 %
II Quarter June -38.42 % 77.29 % -2.46 % 46.4 %
I Quarter March -62.03 % 28.6 % 249.59 % -56.69 %
FY   - - 34.81 % 3.54 %

Financial Statements
Provident Bancorp Inc 's second quarter 2023 Net Income $ 3.46 millions PVBC's Income Statement
Provident Bancorp Inc 's second quarter 2022 Net Income $ 5.62 millions Quarterly PVBC's Income Statement
New: More PVBC's historic Net Income Growth >>


PVBC Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - - -29.47 % 34.38 %
III Quarter September - - 60.57 % -1.54 %
II Quarter June 64.81 % 1.63 % -26.28 % 164.23 %
I Quarter March -22.22 % 54.04 % 0 % -59 %
FY (Year on Year)   - - 34.81 % 3.54 %




Net Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #76
Financial Sector #235
Overall #728

Net Income Y/Y Growth Statistics
High Average Low
347.48 % 11.87 % -243.32 %
(Mar 31 2017)   (Mar 31 2023)
Net Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #76
Financial Sector #235
Overall #728
Net Income Y/Y Growth Statistics
High Average Low
347.48 % 11.87 % -243.32 %
(Mar 31 2017)   (Mar 31 2023)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Provident Bancorp Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
164.01 % 8.51 % -89.07 %
(Jun 30 2020)  


PVBC's II. Quarter Q/Q Net Income Comment
Provident Bancorp Inc achieved in the II. Quarter 2023 above company average sequential Net Income jump of 64.81%, to $ 3.46 millions, from $2.10 millions in the first quarter.
Provident Bancorp Inc is undergoing a remarkable growth, with recording higher then average gain, and also improving rate, Charlotte Maes, Regional Banks industry consultant allocated in Antwerpen said.

Within Regional Banks industry 13 other companies have achieved higher Net Income quarter on quarter growth. While Provident Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 379.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #14
Financial Sector #114
Overall #379
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #14
Financial Sector #114
Overall #379
Net Income Q/Q Growth Statistics
High Average Low
164.01 % 8.51 % -89.07 %
(Jun 30 2020)  


PVBC's II. Quarter Q/Q Net Income Comment
Provident Bancorp Inc achieved in the II. Quarter 2023 above company average sequential Net Income jump of 64.81%, to $ 3.46 millions, from $2.10 millions in the first quarter.
Regional Banks company is impressively improving, not just reporting higher then normal gain, and also accelerating pace.

Within Regional Banks industry 13 other companies have achieved higher Net Income quarter on quarter growth. While Provident Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 379.


Provident Bancorp Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Net Income 12 Months Ending $ -27.05 $ -24.89 $ -21.47 $ -20.58 $ 19.82
Y / Y Net Income Growth (TTM) - - - - 32.42 %
Year on Year Net Income Growth Overall Ranking # 511 # 744 # 540 # 0 # 798
Seqeuential Net Income Change (TTM) - - - - 14.12 %
Seq. Net Income Growth (TTM) Overall Ranking # 819 # 958 # 1155 # 0 # 812




Cumulative Net Income growth Comment
Provident Bancorp Inc realized trailing twelve months net loss of $ -27 millions, in the Jun 30 2023, compare to Net Income of $ 20 millions a year ago.

In the Financial sector 160 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 511, from total ranking in previous quarter at 744.

Net Income TTM Q/Q Growth Statistics
High Average Low
347.48 %
11.87 %
-243.32 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 76
Financial Sector # 161
Overall # 511

Net Income TTM Y/Y Growth Statistics
High Average Low
347.48 %
11.87 %
-243.32 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 76
Sector # 243
S&P 500 # 819
Cumulative Net Income growth Comment
Provident Bancorp Inc realized trailing twelve months net loss of $ -27 millions, in the Jun 30 2023, compare to Net Income of $ 20 millions a year ago.

In the Financial sector 160 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 511, from total ranking in previous quarter at 744.

Net Income TTM Q/Q Growth Statistics
High Average Low
347.48 %
11.87 %
-243.32 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 76
Financial Sector # 161
Overall # 511

Net Income TTM Y/Y Growth Statistics
High Average Low
347.48 %
11.87 %
-243.32 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 76
Sector # 243
S&P 500 # 819




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
PVBC's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for PVBC's Competitors
Net Income Growth for Provident Bancorp Inc 's Suppliers
Net Income Growth for PVBC's Customers

You may also want to know
PVBC's Annual Growth Rates PVBC's Profitability Ratios PVBC's Asset Turnover Ratio PVBC's Dividend Growth
PVBC's Roe PVBC's Valuation Ratios PVBC's Financial Strength Ratios PVBC's Dividend Payout Ratio
PVBC's Roa PVBC's Inventory Turnover Ratio PVBC's Growth Rates PVBC's Dividend Comparisons



Companies with similar Net Income jump for the quarter ending Jun 30 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Jun 30 2023
Apple Hospitality Reit Inc -0.09%$ -0.086 millions
Virginia National Bankshares Corp-0.60%$ -0.598 millions
United Bancorp inc-0.74%$ -0.740 millions
Regions Financial Corporation-1.08%$ -1.079 millions
Northwest Bancshares inc -1.14%$ -1.143 millions
Midland States Bancorp Inc -1.41%$ -1.407 millions
Penns Woods Bancorp inc -1.42%$ -1.418 millions
American Equity Investment Life Holding Co-1.51%$ -1.506 millions
First Busey Corporation-1.54%$ -1.542 millions
Red River Bancshares Inc -1.96%$ -1.957 millions
Southside Bancshares Inc -2.02%$ -2.015 millions
Alerus Financial Corporation-2.03%$ -2.034 millions
Simon Property Group inc -2.10%$ -2.103 millions
Federal Realty Investment Trust-2.27%$ -2.269 millions
Synovus Financial Corp-2.31%$ -2.307 millions
Wafd Inc -2.40%$ -2.401 millions
Lamar Advertising Co-2.41%$ -2.405 millions
Hancock Whitney Corporation-3.00%$ -2.998 millions
Consumers Bancorp Inc-3.09%$ -3.094 millions
United Bankshares Inc-3.30%$ -3.299 millions
National Western Life Group Inc -3.68%$ -3.676 millions
The Cigna Group-3.94%$ -3.944 millions
Central Valley Community Bancorp-3.97%$ -3.974 millions
Equinix Inc -4.27%$ -4.268 millions
Community Trust Bancorp Inc-4.28%$ -4.277 millions
Seacoast Banking Corporation Of Florida-4.60%$ -4.598 millions
Heartland Financial Usa Inc -4.74%$ -4.737 millions
Old Point Financial Corp-4.76%$ -4.757 millions
Eastern Bankshares Inc -4.91%$ -4.915 millions
Greene County Bancorp Inc -5.10%$ -5.098 millions




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